IPFS News Link • Federal Reserve
Fed's in Congress' crosshairs, but many experts say hold fire
• McClatchy NewsCritics counter, however, that the Fed pumped trillions of dollars into the economy to combat the recent financial crisis with virtually no direct authority to do so, and no effective oversight from publicly accountable branches of government. They argue that the Fed should be subjected to democratic checks and balances, just as other powerful arms of government are.